China Can Nearly Quadruple Share of Modern Renewable Energy by 2030

Higher
renewable share will improve millions of lives and save billions of dollars
when accounting for health costs and reduced emissions

Beijing, China, 24 November 2014 – China can increase its use of renewable energy from
13 to 26 per cent by 2030, according to a new report released today by the International Renewable Energy
Agency (IRENA). The growth in renewable energy use would represent nearly a
fourfold increase in the share of modern renewables between 2010 and
2030. The report, Renewable Energy Prospects: China, prepared
by IRENA in association with the China National Renewable Energy Centre, also
says China can expand renewables in the power sector from 20 to 40 per cent by
2030, making it the world’s largest renewable energy user.

“As the largest energy consumer in
the world, China must play a pivotal role in the global transition to a sustainable
energy future,” said Mr. Adnan Z. Amin, Director-General of IRENA, at a launch
event in Beijing. “China’s energy use is expected to increase 60 per cent by
2030. How China meets that need will determine whether or not the world can
curb climate change.”

The report is part of IRENA’s
renewable energy roadmap, REmap 2030, which provides a plan to
double the share of renewable energy in the world’s energy mix by 2030 and
determines the potential for China and other countries to scale up renewables
in the power sector and end-use sectors like buildings, industry and transport.
The report has acquired special significance following the major announcement
by China that it intends to cap carbon dioxide emissions by 2030 and expand the
share of non-fossil energy in total primary energy supply to around 20 per cent
by 2030 as part of an emission reduction deal jointly made by China and the US.

“China can continue its leadership
in renewable energy by accelerating action in this area,” said Mr. Amin. “If
China acts now to implement more renewable energy, it can reduce air pollution,
enhance energy security, benefit its economy, and play a leading role in
fighting climate change.”

With current policies in place, the
share of renewables in China’s energy mix will only rise to 17 per cent by
2030. REmap 2030 estimates that annnual investment of USD 145
billion is needed between now and 2030 in renewable energy technologies to
reach the 26 per cent renewables mark – an annual increase of USD 54
billion beyond business-as-usual. The higher renewable share will result in an
annual savings of USD 55 to 228 billion by 2030 when accounting for factors
like human health and reduced emissions.

“REmap 2030 shows that China can
achieve the energy revolution it’s aiming for – and that it can do so
affordably,” said Dolf Gielen, Director of IRENA’s Innovation and Technology
Center. “It also gives China a higher goal to aspire to, stating that an energy
mix with 26 per cent renewables is achievable by 2030.”

This transformation will also have
an important impact on the reduction of air pollution from coal use, a major
driver for renewable energy development in China. REmap estimates a decrease of
18 per cent in coal demand in 2030 as compared to business-as-usual.

China installed more renewable
energy capacity in 2013 than Europe and the remaining Asia Pacific region
combined. It is also a major exporter of renewable energy technology, accounts
for two-thirds of global solar panel production, 90 per cent of installed biogas
systems, 40 per cent of newly installed wind capacity in 2013, and provides 2.6
million jobs in its renewable energy sector.

For more information on the Remap
2030 report, including an executive summary in Chinese, please visit: www.irena.org/REmap.